The weather forecast is for bright sunshine, light winds and a humid 20C.
This year's parade will also be last for the city's five-storey-high Santa that stands on the corner of the Farmers building.
It was announced earlier this year that after 60 years, the giant Santa would head into retirement.
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Its owner, business association Heart of the City, said restoration work was needed and there were also challenges around the large structure's storage.
Auckland council's tourism and events company, ATEED, decided last year that the parade did not meet its funding criteria of bringing overnight visitors to the city.
Elected councillors voted to overturn the decision.
About 95 per cent of the parade is funded by commercial sponsorship.
Last year's parade was postponed due to bad weather for the first time in 20 years.